Punjab Finance Minister Harpal Singh Cheema presented a Rs 1.96-lakh-crore state budget for 2023-24 in the assembly here on Friday which focussed primarily on agriculture, education and health sectors.
Cheema announced various new schemes such as a market price risk mitigation scheme for the horticulture sector, solarisation of agriculture pumps, a young entrepreneur scheme and two coaching initiatives for students in the first full budget of the AAP government.
Speaking in the Assembly, Harpal Singh Cheema said education, health, and agriculture are among the priority sectors for the government.
Total budget size has been increased by 26 per cent to Rs 1,96,462 crore for 2023-24 over the previous year, the state finance minister said.
It was the first full budget of the AAP government. After coming to power in March 2022, the AAP government first passed a vote-on account on March 22 and then it presented its budget in June for the remaining part of the year.